SEIFAC Funds and ATM Distribution date will commence forthwith.
The Smallholder Economic Interest Farmers Agricultural Cooperative (SEIFAC) is a Federal Government program, initiated to give farmers grants and loans to cultivate crops that are of economic importance to the nation
Since the program came on board, it has been mired with funding and disbursement issues, till date sizeable numbers of beneficiaries have not been given the said grants or loan.
While the government has approved large sums to cater and sponsor the SEIFAC program, little has been felt from the side of beneficiaries who are the major target of the program.
The program seeks to install, entrepreneurship, empowerment, productivity in lifting the vast majority of young minds interested in agriculture, thus providing food security in the country
Since the formal Minister of Agriculture was sacked, the program has suffered delay and policy implementation to drive home its agenda to thousands of beneficiaries.
But things have changed, the current Agric Minister has commenced action and beneficiaries are to see changes soonest. Facts coming in suggest that the program will start swiftly.
This post is intended to guide SEIFAC beneficiaries on the latest happenings surrounding the program, and it is by no means, news outlet from any of the mainstream media.
ATM (Gift Card) Distribution
In no distant time, SEIFAC beneficiaries will start getting their ATM gift card, this ATM card will be used to withdraw funds disbursed in their account, Mr. Patrick Abur, the National Coordinator of SEIFAC affirmed this though no specific time frame was given, it will not clock 2022 as funds are already stashed in various banks of SEIFAC beneficiaries.
The ATM card has two major functions
It will handle SEIFAC Project Wallet account
Module Identity of all SEIFAC beneficiaries will be strictly monitored, as the program is of paramount importance to food security in the country
The ATM card marked will be carrying SEIFAC label with the name, state, ID of LGA members, etc, before any payment can take place”
SEIFAC beneficiaries must understand that the chip in this card is very cumbersome to implement, there are many issues that have been resolved to get to this card
N12.5Billion Fund Disbursement is 90% Complete
According to SEIFAC Director, “SEIFAC/CBN disbursement process is 90% completion,
upon completion, applicants with SEIFAC ATM credit cards will be credited swiftly
SEIFAC Farmers Association along with the connection of Business Administration (PFI) Heritage Limited, under the leadership of the Anchor loan program has received funds to commence disbursement without any delay
In what appeared to be “the last straw to break the camel’s back” before fund disbursement begins, all SEIFAC beneficiaries must get their ATM card before accessing the fund
President Buhari Commitment To SEIFAC Program
The president is a lover of agriculture, the above funds have been released and all he wants is open and fair disbursement, not only is he committed to giving Nigerians surplus food supplies through the SEIFAC/CBN program, but to creating an enabling environment for jobs and wealth creation
If this article interests you, please share our links to platforms and friends, make use of the social media handles and get across.
NB: You can subscribe to this Blog to receive update about SEIFAC Funds and ATM Distribution.